Mondays trading session Bank nifty opened with global optimism and the day is seen driven mostly by intraday and short term buyers in the counter. Serious long term money is missing in the counter and lack of enthusiasm prevailed post the gap up in Bank Nifty Futures and also underperformed the broader index Nifty 50 thereby formation of a dull boring rotational trading rest of the day.
Government spending policies that influence macroeconomic conditions. Through fiscal policy, regulators attempt to improve unemployment rates, control inflation, stabilize business cycles and influence interest rates in an effort to control the economy. Fiscal policy is largely based on the ideas of British economist John Maynard Keynes (1883–1946), who believed governments could change economic performance by adjusting tax rates and government spending.
Nifty Future closed the week at 8023.5 on Diwali mahurat trading session. the market has seen a sharp reversal from lows of 7752 and with positive global cues the index has managed a strong up run in short term. Majority of moves have happened with gap up’s in the same.
Relinfra future closed the week @ 686.80 the high made for the week 707.75, Relinfra has made bearish close for the week, the last two weekly bars are bearish bar.
Nifty and Bank Nifty futures hourly charts is in positional buy mode and currently the support zone comes around 8034 and 15784 respectively. Reverse your position to positional sell mode if the support zone breaks on the hourly charts.
Nifty and Bank Nifty november futures turned to positional buy mode after the RBI hikes repo rate by 25 bps and cuts MSF rate by 25 bps. Currently nifty and bank nifty supports are at 6129 and 10803 respectively. Reverse your position to shortly only if the support zone breaks on the hourly charts.
Nifty september futures turned to positional buy mode and currently the support zone come near 5264 zone. Reverse your position to positional shortly if the support zone breaks on the hourly charts. On Contrast Bank Nifty still on the positional sell mode and trading very close to the resistance zone 9039.
With reference to SEBI circular SEBI/DNPD/CIR-26/2004/07/16 dated July 16, 2004 and subsequent approval received from SEBI, Futures and Options contracts on CNX PSE Index and CNX Infrastructure Index shall be made available for trading in the F&O segment with effect from November 25, 2011.
Aluminium futures charts shows sell signal as on last friday(29th Oct 2010). Strategy applied is 13-13 Wilders Channel Offset Trading system. Resistance from the daily charts comes near 104.33
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Stock : Satyam Futures CMP : Rs 302.45 Time: 10:10 Target : Rs 280 ( Spot Price ) Reason : Head and shoulder Formation in 5 day intraday – 15 min charts Stop Loss : Rs307 Source: www.marketcalls.in
Stock : Reliance Communications CMP : 435 Target : Atleast Rs400 Strategy : Long Above 20day EMA and short below 20 Day EMA Reliance Communications is a nice counter to play in futures and options. One of the easy strategy to play in this stock is to Go Long Above 20day EMA and short below […]